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K92 Mining Inc (TSE:KNT)
TSX:KNT
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.22Last Year’s EPS
0.01Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 17, 2025
|% Change Since: 2.02%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call for K92 Mining highlighted strong operational and financial performance, record safety achievements, and significant growth in production and revenue. Despite an increase in cash costs due to temporary suspension impacts, the company's expansion plans and exploration successes indicate a positive outlook.Company Guidance
During the K92 Mining 2024 Fourth Quarter conference call, John Lewins, the CEO, highlighted a range of impressive metrics and achievements. The company reported a record quarterly production of 53,401 ounces of gold equivalent, with 96,614 tons processed at a head grade of 18 grams per ton, marking the highest since Q4 2020. The annual production reached 149,515 ounces, exceeding the top of their guidance range by 27%. Financially, the company reported a 75% increase in annual revenue to $350.6 million, selling gold at an average price of $2,356 per ounce. They also achieved a cash cost of $664 per ounce, below their guidance of $820 to $880, and an all-in sustaining cost of $1,066 per ounce, beating their guidance of $1,440 to $1,540. The company's strong cash position was bolstered by a $141.3 million cash reserve and a $60 million loan balance. The Stage 3 and Stage 4 expansions are on track, aiming to increase production significantly, with the Stage 3 commissioning targeted for mid-2025 and Stage 4 by 2027. The financial outlook remains robust, supported by a favorable gold price environment and strategic exploration initiatives.Record Safety Milestone
K92 Mining achieved six consecutive zero LTI (Lost Time Injury) quarters and completed two independent safety audits, enhancing on-site safety technology.
Outstanding Community ESG Award
K92 received an ESG award for their sustainable livelihoods agriculture program, significantly benefiting local communities and farmers, especially women.
Record Quarterly and Annual Production
The K92 gold mine delivered record quarterly production of 53,401 ounces gold equivalent and annual production of 149,515 ounces, a 27% year-over-year growth.
Financial Performance
K92 Mining reported a 60% increase in Q4 revenue to $120.3 million and a 75% increase in annual revenue to $350.6 million.
Cost Efficiency
Cash costs were significantly below guidance, with Q4 cash costs at $483 per ounce and all-in-sustaining costs at $837 per ounce.
Stage 3 and Stage 4 Expansion
75% of the growth capital for expansion has been spent or committed, with the project fully funded and expected to significantly increase production.
Exploration Success
Significant high-grade mineralization discovered at Kora-Kora South and Judd-Judd South, indicating substantial growth potential.
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TSE:KNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:KNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 17, 2025 | C$10.88 | C$11.62 | +6.80% |
| Nov 14, 2024 | C$8.28 | C$8.50 | +2.66% |
| Aug 13, 2024 | C$7.44 | C$7.51 | +0.94% |
| May 13, 2024 | C$8.02 | C$7.72 | -3.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does K92 Mining Inc (TSE:KNT) report earnings?
K92 Mining Inc (TSE:KNT) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is K92 Mining Inc (TSE:KNT) earnings time?
K92 Mining Inc (TSE:KNT) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:KNT EPS forecast?
TSE:KNT EPS forecast for the fiscal quarter 2025 (Q1) is 0.22.
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